Riverbed Technology Reports New Equity Awards Under NASDAQ Marketplace Rule 4350
SAN FRANCISCO--(BUSINESS WIRE)—November 21, 2012— Riverbed Technology (NASDAQ: RVBD), the performance company, today announced that, in accordance with NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv), it has granted inducement stock options covering an aggregate of 70,500 shares of common stock to 14 non-officer employees. Each option has been classified as a non-qualified stock option, has an exercise price equal to the fair market value on the grant date, and has a seven-year term. Each option vests over four years, with 25% vesting on the one-year anniversary of the applicable vesting commencement date, and then equal monthly amounts vesting over the following three years.
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Riverbed®, The Digital Performance Company™, is united in our purpose of Advancing the Human Experience in the Digital World. Behind every digital experience is a human one, and Riverbed enables organizations to measure digital experiences and maximize digital performance so they can deliver better and more powerful human experiences— for customers, employees, partners, patients, and citizens. Riverbed’s Digital Performance Platform includes a combination of Digital Experience Management and Digital Networking solutions that ensure superior digital and user experiences, provides new levels of operational agility and accelerates business outcomes. Riverbed’s 30,000+ customers include 100% of the Forbes Global 100. Learn more at riverbed.com
Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.
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